May Be A Bargain For Everyone: Varian Medical Systems, Inc. (VAR)

Wall Street analysts will be watching closely when Varian Medical Systems, Inc. (NYSE:VAR) reports its quarterly earnings next, which is scheduled for Wed 23 Jan (In 17 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $1.19 per share. In the preceding quarter, the company reportedly generated EPS of $1.16 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 15.10%, a profit margin of 5.10% and a gross margin of 43.60%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Varian Medical Systems, Inc. (NYSE:VAR). Most recently, on January 4th, 2019, Goldman Upgrade a Buy rating. Before that, on October 19th, 2018, Robert W. Baird Resumed to Neutral. JP Morgan Resumed a Underweight rating on June 28th, 2018, Barrington Research Upgrade an Outperform rating on January 25th, 2018, and Evercore ISI Initiated a Underperform rating on January 3rd, 2018.

At its current price point, combined with the fact that this company has 91.20M shares outstanding, the current market capitalization sits at 10.82B. In the last trading day, 1,917,198 shares of Varian Medical Systems, Inc. were traded, which compares to its usual volume of about 818.36K shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $7.06 in the past five trading days, resulting in a percentage change of +5.95% and a moving average of 113.28. In the past 20 days, its price changed by -$2.77 (which is -2.28%) and the stock’s moving average was 114.90. Looking back a full 50 days, shares of VAR changed by $14.18 (which is +13.57%) and demonstrated a moving average of 116.49.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 67.42%, a 14-day Stochastic %K score of 51.87% and a 20-day Stochastic %K score of 44.22%. Using a similar metric, Varian Medical Systems, Inc. (VAR) shares showed a Stochastic %D of 64.15% over the past 9 days, a Stochastic %D score of 44.82% over the last 14 days, and a 20-day Stochastic %D of 37.18%. Meanwhile, this stock’s MACD Oscillator was 2.29 over the past 9 days, 1.04 over the past two weeks, and -1.19 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $118.65 level. Over the past 12 months, this stock has experienced a high price of $130.29 and a low of $101.42. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Varian Medical Systems, Inc. (NYSE:VAR) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 9,698,866 shares of the company’s stock following the addition of 104,247 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 10.65% stake in Varian Medical Systems, Inc. (VAR)’s shares.

Just in the most recent trading day, Varian Medical Systems, Inc. (NYSE:VAR) experienced a high price of $120.03 and low point of $113. At the end of the last trading session, this stock was at 118.65 per share, following a gain of $4.27, or 8.06% during the full day.